Utah Jazz Ownership Restructured and Placed in Family Trust
- Thread starter MDAV28
- Start date
MVP
Well-Known Member
Magic Spray
Well-Known Member
Here we go.
Starks conducting, Gail presiding.
4 generations of Millers in the house.
Starks conducting, Gail presiding.
4 generations of Millers in the house.
enchilada_style
Well-Known Member
Get to it GAIL!
enchilada_style
Well-Known Member
Gail has a shaky voice.
Bawse Dawg
Well-Known Member
What is happening??? I'm in class
Magic Spray
Well-Known Member
Gail:
Thanks for coming. I brought a lot of my family here. This announcement will affect them and the community.
Background for this announcement.
Talking about the arena. Built like a lantern, will bring people into it. The team makes the light even brighter. Represents hard work grit perserverance. Represents the family and the state and the people.
When we bought the Jazz we were young with a young automotive business. Jazz were beyond our net worth, but to keep the team in Utah we needed to intervene as it was a valuable community asset. Larry said one day, "GAIL THE JAZZ CAN'T LEAVE UTAH!" That decision changed our lives forever and we felt it was the right thing to do and we did everything we could to make it happen. We leveraged everything to buy half the Jazz. The next year we had to do it again in order to buy the other half. We have always viewed ourselves as stewards. Bought the Jazz for $22M. Our mission has been to ensure that the Jazz stay in Utah. It's a community asset and rallying point.
Thanks for coming. I brought a lot of my family here. This announcement will affect them and the community.
Background for this announcement.
Talking about the arena. Built like a lantern, will bring people into it. The team makes the light even brighter. Represents hard work grit perserverance. Represents the family and the state and the people.
When we bought the Jazz we were young with a young automotive business. Jazz were beyond our net worth, but to keep the team in Utah we needed to intervene as it was a valuable community asset. Larry said one day, "GAIL THE JAZZ CAN'T LEAVE UTAH!" That decision changed our lives forever and we felt it was the right thing to do and we did everything we could to make it happen. We leveraged everything to buy half the Jazz. The next year we had to do it again in order to buy the other half. We have always viewed ourselves as stewards. Bought the Jazz for $22M. Our mission has been to ensure that the Jazz stay in Utah. It's a community asset and rallying point.
Magic Spray
Well-Known Member
Gail (cont.)
As I've considered the Miller business ventures I've created a board that includes our family plus many other leaders this past year. Tremendous momentum thanks to all the professionals' contributions.
Today I'm announcing the capstone. An unprecedented move to keep the Jazz here.
With the approval of the NBA, I'm transferring the Jazz and the arena into a legacy trust of our posterity. We will oversee the trust and it's resources indefinitely.
As I've considered the Miller business ventures I've created a board that includes our family plus many other leaders this past year. Tremendous momentum thanks to all the professionals' contributions.
Today I'm announcing the capstone. An unprecedented move to keep the Jazz here.
With the approval of the NBA, I'm transferring the Jazz and the arena into a legacy trust of our posterity. We will oversee the trust and it's resources indefinitely.
Ogden-Hinckley
Well-Known Member
Jazz going into Miller famliy trust
enchilada_style
Well-Known Member
Okay the Jazz are staying. What exactly is a legacy trust?
Magic Spray
Well-Known Member
Gail (cont)
With approval of the NBA. This ensures that the Jazz will stay in Utah. We are doing things the right way to bring a chip to Utah.
With approval of the NBA. This ensures that the Jazz will stay in Utah. We are doing things the right way to bring a chip to Utah.
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